Ethereum ETF Excitement Sparks Bitcoin and Altcoin Surge
- Standard Chartered predicts Bitcoin will surpass its $73,798 record this week.
- The potential green light for an Ethereum ETF fuels optimism, driving Bitcoin’s price surge.
- Ethereum and memecoins like Pepe and Floki are also experiencing significant gains amidst renewed bullish sentiment.
Geoff Kendrick, the Head of FX Research and Digital Assets Research at Standard Chartered, has predicted a new all-time high (ATH) for Bitcoin by the coming weekend. Kendrick noted in an interview that the flagship crypto would surpass the current $73,798 ATH, achieved on March 14, before the weekend is over.
Citing the potential approval of an Ethereum exchange-traded fund (ETF) this week, the research expert believes it would further legitimize the crypto sector, boosting Bitcoin’s adoption. He asserts that this week’s anticipated new high aligns with his $150,000 target for Bitcoin by year-end and a $200,000 target by December 2025.
Kendrick highlighted the renewed optimism among spot Bitcoin ETF investors, which has invigorated the ecosystem. This has led to increased inflows, bringing the total value to $12.9 billion at the time of the interview. Data from Soso Value …
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